Why Bitcoin needs a leg down, before breaking $5800-$6000
- $5800-$6000 is a huge resistance barrier (look at all the wicks in the red box). It has been "wicked" 5 times before breaking this level. Taking in consideration that this is the first try to break this barrier, I doubt it will.
- 50MA a resistance barrier at ~$5600.
- 50EMA + 100EMA a resistance barrier at ~$5250.
- Fib 0.236 a resistance barrier at $5366 from the drop in 12 Nov 2018
- Falling volume.
- Indecision Doji candlestick the 8'th of April followed by a bearish (so far) candlestick.
On the bullish side:
- Rising RSI.
- Rising histogram
Cons and Pros taking in consideration, I am bearish down to $4670 (200MA support on the D-chart), if that doesn't hold then $4240.
- 50MA a resistance barrier at ~$5600.
- 50EMA + 100EMA a resistance barrier at ~$5250.
- Fib 0.236 a resistance barrier at $5366 from the drop in 12 Nov 2018
- Falling volume.
- Indecision Doji candlestick the 8'th of April followed by a bearish (so far) candlestick.
On the bullish side:
- Rising RSI.
- Rising histogram
Cons and Pros taking in consideration, I am bearish down to $4670 (200MA support on the D-chart), if that doesn't hold then $4240.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.